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Procuring transportation for freight is much different than any other procurement category. There are different tools, goals, and market dynamics. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. The freight market is mercurial. It can move quickly from a situation where there is too much capacity in the market and buyers having the whip hand, to a situation where shippers are begging carriers to take their loads at almost any price.
In the Sahel region of Africa, political instability and corruption has run rife since decolonisation from European nations. Arbitrary borders were drawn without the consideration of who they will affect.
As data becomes a critical resource in modern organizations, business users are clamoring for tools to ease access to data for reporting and dashboards. However, the race for greater access to data-driven decision-making tools has created a challenge of managing and delivering data to users in tools that they can effectively use in their day-to-day lives.
“The line between disorder and order lies in logistics…” (Tzu, 496 B.C). Accordingly, if organizations want to succeed and grow in the long-term, they need to cooperate, organize, and manage their logistics very wisely and mitigate its problems and risks simultaneously. In this effort, Logistics Service Providers (LSPs) are essential because they provide a variety of supply chain management solutions that simplify warehouse operations, order processing, and transportation.
I’ll start this post off with a straightforward question. Have you conducted a cost-to-serve (CTS) analysis for your enterprise? If you can answer with a “Yes”, I applaud you. If you can only say “No”, I will not be surprised, because many companies have never drilled down into the costs involved in selling specific SKU categories, individual SKUs, or providing particular services connected with those sales, to specific customers or customer categories.
Preview – Most IBP cycles around the world are based on a 20-year-old process definition supported by 20-year-old planning concepts. This traditional IBP is not set up for a fast-changing world, where speed of decision making confers a competitive advantage. Intelligent automation will change this. In this series of blogs, I will discuss the evolution of traditional IBP towards a more intelligent IBP.
Preview – Most IBP cycles around the world are based on a 20-year-old process definition supported by 20-year-old planning concepts. This traditional IBP is not set up for a fast-changing world, where speed of decision making confers a competitive advantage. Intelligent automation will change this. In this series of blogs, I will discuss the evolution of traditional IBP towards a more intelligent IBP.
Nitin Jayakrishnan, co-founder and chief executive officer of Pando, discusses how businesses can embrace new technology to meet the challenges of today.
According to The J.P. Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. But how can companies unlock this capital? The answer lies in their cash conversion cycles. By learning how to calculate it and change it to their advantage, companies can accelerate cash inflow and free up money that would otherwise be tied up in inventory.
Traceability is a digital solution that enables companies to effectively track their products from origin to consumer by utilizing digital markers for identification. Various traceability solutions exist, including Digital Traceability, Laboratory Traceability, and Mapping Traceability. With the growth of the market for high-quality food products, the importance of traceability and origin verification has increased significantly.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
On this Labor Day holiday, the Supply Chain Matters blog extends our salute and recognition to the many supply chain workers who plan, procure, coordinate, and directly support the movement of multi-industry components and finished products to respective markets and to businesses and consumers. September 4 marks the celebration of the Labor Day holiday in both the United States and Canada.
By Mike Bronson (pictured) Content Writer The post Navigating the Waves: The Unsung Heroes of the Maritime Industry – The Tug Boats appeared first on IT Supply Chain.
About $2 billion in grants for advanced vehicles will come from the Inflation Reduction Act while another $10 billion will be provided by the Energy Department’s Loans Program Office.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Imagine your name is Katie Wilson. One fine morning, you received the order with a different name, Katie Richardson, and address. Say the same thing happens to Katie Richardson, too. Isn’t it frustrating? These troubles occur as a result of sorting mistakes in the warehouse. Every sorting mistake that gets committed leads to a fall in on-time delivery rates , resulting in the company losing more dollars from its pocket.
The government should develop new water interconnections and transfers between basins and invest in expanding and modernizing water storage as well as irrigation infrastructure, Fiab said in the statement.
SMBs can use cloud-based AI solutions with affordable and scalable capabilities, allowing smaller businesses to capitalize on AI algorithms without large upfront investments.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
Civilization has always moved forward on the backs of laborers (i.e., the people who actually do the work that makes society function). From the great manmade wonders of the ancient world to the amazing technologies that have revealed the wonders of the universe, human labor has played a vital role. The staff at the Khan Academy notes, “About 12,000 years ago, human communities started to function very differently than in the past.
Cyberattacks are posing a significant risk to critical infrastructure such as electricity, water supply, transportation systems and healthcare facilities.
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